The Teen Scene
Teenagers love these guys. They're hot, hot, hot! "Youngstown"—the latest bleached, pierced, tattooed, earring wearing Generation Y trio from Hollywood Records and General Growth Properties is hosting their free 'Looking Through Your Eyes' concert series in 22 of its shopping centers across the country. [July/August, 2000]

New REIT Mutual Fund
Investors are putting their John Hancock on the new John Hancock Real Estate Mutual Fund that made its public debut in March 2000. [July/August, 2000]

South Korea Explores REITs
After a successful showing in mutual funds and securitization, South Korean officials are pursing a new avenue of investment, the Real Estate Investment Trust.

"We expect REIT legislation to be passed late this year," said Kyu Jin Kim, asset backed securities team head, Structured Products Dept., Daewoo Securities, Seoul, South Korea, adding that the late passage will allow for almost a full year to prepare before a deal is closed. [July/August, 2000]

Fannie May I? Financing REITs
REITs looking for competitive financing might find a friend in Fannie Mae. To date, Fannie Mae has closed on over $6 billion in REIT-related multi-family mortgages including $650 million to provide debt financing for the merger of Olympus Real Estate Corporation with Walden Residential Properties Inc. [July/August, 2000]

A Hearty Welcome
About 1,000 Americans suffer from sudden cardiac arrest every day, according to the American Heart Association (AHA). While that number is significant, where those attacks take place is more alarming: Shopping malls rank third in a recent AHA national study. [July/August, 2000]